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Spare Change Anyone?

October 11th, 2009 at 12:05 am

So, as many of you know, I LOVE using my own little forced savings practice. As a reminder, this is where I round my checks and deposits. If I write a check for $46.00, I make my registry entry for $50.00. If I deposit $200.00, I make my registry entry for $150.00.

As of last week, and as I reported on my blog, I "saved" over $2500.00 thus far this year.

Well, another thing I do is save all of my spare change, including the change I am constantly picking up off the ground/floor wherever I go. Tonight I exchanged them and to my pleasant surprise, saved $93.76!

Now, what to do with the money? I think the girls and I will take a trip to the store and use it for the local food pantry. Ironically enough, in the bulletine at Mass tonight they listed some needed items for the pantry being Jell-O, Peanut Butter, Soup, etc.

PS - My mortgage pre-payment plan is moving along nicely. How about yours?

Posted in Uncategorized | 6 Comments »

6 Responses to “Spare Change Anyone?”

  1. LuxLiving Says:
    October 11th, 2009 at 12:15 am 1255220154
    1255220154

    J.T., while I'm too anal to do the rounding up thing in my checkbook, I do think it's a good idea for those who can handle it.

    I do a similar 'round-up' though in my savings accounts. When I see they are sitting at 751.09? I'll send in $3.91 to get it up to $755.00. Of course, it never lasts as my next auto-draft & interest gets added in, but over time the balances do tend to start creeping upwards!

    Great going on using your saved change for the food pantry. They always can use more protein - tuna, other canned meats, and peanut butter.

  2. mooshocker Says:
    October 11th, 2009 at 12:42 am 1255221737
    1255221737

    Nice job on the "rounding" Lux. Anyway you turn it, every little bit helps and if it "ain't there" you don't miss it! God bless.

  3. lizajane Says:
    October 11th, 2009 at 01:02 am 1255222949
    1255222949

    A friend of mind used to do that to "force" herself to save money for a vacation every year. I have to balance mine to the penny so that would drive me nuts!

  4. creditcardfree Says:
    October 11th, 2009 at 03:18 pm 1255274314
    1255274314

    I have done fairly well paying extra on our home equity loan. The details are on my blog sidebar. We got sidetracked with a trip to Disney World and braces for my oldest daughter...all paid in cash. I'm about to start hitting it hard again very soon.

  5. dmontngrey Says:
    October 11th, 2009 at 06:23 pm 1255285431
    1255285431

    I think that's an excellent use of spare change! Smile DH was struggling over some "extra money" he had, but he just found out a coworker (that he doesn't know) lost her home in a fire this weekend. I'm very proud that he wants to give to them.

  6. frugaltexan Says:
    October 12th, 2009 at 02:34 pm 1255358075
    1255358075

    Good way to use your spare change Smile

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